Publication of the IEA’s Hydrogen report, presented at the June 2019 G20 summit in Japan
Capenergies outlines the Hydrogen report produced by the International Energy Agency at the request of Japan in the context of the June 2019 G20 summit. Paul Lucchese, Deputy Director of Capenergies, helped to write this report for the IEA: “In this report, the IEA, the world’s leading expert on energy for governments, clearly recognises, for the first time, the role of hydrogen as one of the cornerstones of global energy transition, in particular for decarbonising the most difficult sectors such as industry and transport.” The report envisages a 30% decrease in the cost of producing hydrogen by 2030.
The report concludes that the technologies are ready now to be scaled up: “A wide variety of fuels are capable of producing hydrogen, including renewables, nuclear and natural gas. It can be transported as a gas or in liquid form. It can be transformed into electricity and methane to power homes and industry, and into fuels for cars, trucks, ships and planes.” It also confirms the advantages of hydrogen: “Hydrogen is one of the leading options for storing energy from renewables.” In the future, hydrogen looks to be the lowest-cost option for storing electricity over long periods and transporting it over long distances. However, clean, widespread use of hydrogen in global energy transitions faces several challenges:
- Producing hydrogen from low-carbon energy is costly at the moment.
- The development of hydrogen infrastructures is slow and holding back widespread adoption.
- Regulations currently limit the development of a clean hydrogen industry.
The IEA has made several recommendations in this report to boost investor confidence and lower costs. These include:
- Encouraging coastal areas (and in particular ports) to use clean H2 and to capture the CO2 emissions
- Injecting 5% H2 into natural gas supplies
- Expand hydrogen in transport through fleets, freight and corridors
- Establishing the first international trade routes for H2